All City & finance articles – Page 49
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NewsShein ramps up plans for London IPO following US pushback
Shein is reported to be accelerating its plans for a London Stock Exchange listing after its efforts to float in New York met pushback and regulatory obstacles from US lawmakers.
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NewsMothercare commences refinancing talks as global sales drop
Mothercare has reported a drop in revenue and international sales as it commenced refinancing discussions with lenders to renegotiate or refinance debt facilities.
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Opinion‘Even by its own measures, Boohoo faces a long path to recovery’
Boohoo’s KPIs did not tell a happy story when the retailer posted its annual results this week, and achieving sustainable and profitable success will be a challenge as competitors such as Shein grow, writes George MacDonald
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NewsWatches of Switzerland builds US business with $130m jewellery deal
Watches of Switzerland has bought US jeweller Roberto Coin for $130m (£104m) as it targets growth in the luxury branded jewellery category.
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NewsHurr unveils new credit scheme as rental fashion trend soars
Fashion rental platform Hurr has launched a new credit system, offering renters the chance to purchase rental pass bundles monthly, as the demand for long-term and “more flexible” rental takes off.
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NewsBoohoo ‘well positioned’ for growth despite deepening losses
Fashion retailer Boohoo has said it is “well positioned to return to growth” despite widening losses and a drop in revenue and profit.
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NewsMorrisons snaps up stores to grow convenience business
Morrisons has bought 38 c-stores on the Channel Islands from local partner SandpiperCI as it builds its convenience business.
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NewsCarpetright to slash 70 jobs at Essex HQ
Flooring retailer Carpetright is axing around 70 jobs at its headquarters, equating to more than 25% of head office staff.
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NewsThe Fragrance Shop posts strong sales in ‘record-breaking year’
The Fragrance Shop has reported a “record-breaking year” as like-for-like sales increased 6.1% in the full year ending April 1.
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NewsThe White Company credits ‘strong store performance’ for sales boost
The White Company has said its latest sales performance was driven by a “strong performance” from its stores as customers returned to the high street.
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NewsAsda delays debt until next decade as it completes £3bn refinancing deal
Asda has completed a refinancing of £3.2bn of its debt, which the supermarket said will push the “majority of its maturities into the next decade”.
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NewsApple profits and revenue decline as demand for iPhone weakens
Apple has posted a decline in profits and revenue as sales of products, in particular iPhones, dropped.
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NewsLounge sales increase but profits fall due to rising expansion costs
Underwear and apparel retailer Lounge has posted a fall in profits, despite a rise in sales for the 2023 financial year, due to rising costs from its growth strategy.
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NewsMulberry sales slow as demand for luxury wanes
Luxury fashion and accessories retailer Mulberry has posted a decline in sales during the full financial year as declining consumer spend on luxury goods took its toll.
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NewsWickes holds firm on outlook despite dip in DIY sales
Wickes has maintained its profit expectations for the full year, despite a decline in sales in an “uncertain” trading environment.
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NewsNext maintains guidance as quarterly sales rise
Fashion giant Next has maintained its full-year guidance as sales increased in its first quarter.
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NewsAmazon sales surge driven by AI and advertising
Amazon has posted a surge in sales during its first quarter, helped by the appeal and success of its AI and advertising capabilities.
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NewsSpace NK owner appoints bankers for sale of beauty chain
Space NK owner Manzanita Capital has appointed bankers as it eyes a potential sale of the premium high street beauty chain.
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NewsCard Factory CEO on why its ‘relentless focus on value for money’ has paid off
As Card Factory posts robust sales in the full year ending January 2024, Retail Week speaks to chief executive Darcy Willson-Rymer on its strategy for success and future plans.
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NewsMorrisons completes sale of forecourts to MFG
Grocer Morrisons has concluded the sale of its forecourts business to specialist operator MFG.